Nifty

Published: Tue, 09/12/17

     

Dear Members,

12 SEPT 2017 

The weekly Nifty Update


The weekly Elliott Wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt.

MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE 

Nifty remains inside the big read candle created at the start of August, and closed down for the week after 3 weeks of gains. No breakout confirming the next move yet. However weekly momentum indicators continue to lose steam and Nifty remains within the 66% retracement range keeping it open to forming the first lower top, and a break of 9685 would then be the first lower bottom setting the tone for a lower top lower bottom trend...  READ MORE

nifty-110917


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Rohit Srivastava
www.indiacharts.com
For accurate market forecasting. Market forecasting is a study of past data to assess
future probable outcomes. It is our endeavor to discuss high probability outcomes for
traders and investors. However this is not a solicitation to buy or sell stocks futures or
options or any security. Trading in any financial market should be done with sound
knowledge and the help of a qualified investment adviser. Stocks based on the Elliott
wave model are based on the Fibonacci fractal of the market and momentum indicators,
targets are based on Fibonacci maths and are only indicative of what the mathematical
model throws up. This is not a recommendation to buy/sell.
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